Activities

 

 

 

 

You will need to use the interactive resources on the Biz/ed website to complete the following activities.

 

Go to the Demand and Supply Activities on the website by clicking here.

 

Remember, you can have more than one browser window open at any time, so you can move between this page and the Biz/ed website to carry out the activities.

 

 

 

 

 

Diagram 1

 

Use the cursor to see what will happen to the quantity demanded if the price of a good or service is increased and then is decreased.

 

With reference to the above diagram, what is the quantity demanded at the following prices?

 

Price

Quantity demanded

8

 

7

 

6

 

5

 

4

 

3

 

2

 

 

  1. Think of an example of a product which you buy more of if the price falls.
  2. Think of an example of a product which you buy less of if the price rises.

 

Click here for the answer to Activity 1